Give tax breaks to prevent layoffs in other industries too - MEF

The Malaysian Employers Federation hopes the government will not limit tax exemptions for preventing layoffs to the media industry.

MEF executive director Shamsuddin Bardan (photo, above) said this was because retrenching workers would incur a high cost compared to preventing the layoff in the first place through measures such as tax exemptions.

“We see that if an employer retrenches its workers, that’s a costly endeavour because we’d have to let go of seasoned workers...